|Financial & Production Summary|
|(for the period ended September 30) ($ millions, except per share amounts)||2012 Q3||2011 Q3||% change|
|Cash flow 1||1,117||793||41|
|Per share diluted||1.47||1.05|
|Operating earnings 1||432||303||43|
|Per share diluted||0.57||0.40|
|Per share diluted||0.38||0.67|
|Capital investment 2||830||631||32|
|Production (before royalties)|
|Foster Creek (bbls/d)||63,245||56,322||12|
|Christina Lake (bbls/d)||32,380||10,067||222|
|Total Foster Creek & Christina Lake (bbls/d)||95,625||66,389||44|
|Pelican Lake (bbls/d)||23,539||20,363||16|
|Other conventional oil 3 (bbls/d)||52,186||46,744||12|
|Total oil production (bbls/d)||171,350||133,496||28|
|Natural gas (MMcf/d)||577||656||-12|
|1 Cash flow and operating earnings are non-GAAP measures as defined in the Advisory. See also the Earnings Reconciliation Summary. 2 Includes expenditures on property, plant and equipment and exploration and evaluation assets, excluding acquisitions and divestitures. 3 Includes natural gas liquids (NGLs) production.|
Cenovus Energy Inc. (TSX, NYSE: CVE) delivered strong third quarter performance led by significant growth in oil sands production and excellent results from its refining operations. As planned, the company increased capital spending compared with the same period a year ago as it continued to expand operations at its oil sands assets and conventional oil properties in Alberta and Saskatchewan.
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